SHORE BANCSHARES INC (SHBI) Technical Analysis
NASDAQ:SHBI • US8251071051
17.92 USD
-0.07 (-0.39%)
At close: Mar 9, 2026
17.92 USD
0 (0%)
After Hours: 3/9/2026, 8:00:02 PM
We assign a technical rating of 4 out of 10 to SHBI. In the last year, SHBI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month SHBI has a been trading in the 17.25 - 20.68 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that SHBI is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, SHBI also shows a nice and consistent pattern of rising prices.
- SHBI is one of the better performing stocks in the Banks industry, it outperforms 76% of 381 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SHBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHBI is lagging the market slightly.
SHBI has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.09
20.58
5 important support areas can be observed.
- Support @17.91 from a horizontal line in the daily time frame.
- Support @16.15 from a trend line in the daily time frame.
- Support @15.44 from a horizontal line in the weekly time frame.
- Support @15.18 from a horizontal line in the daily time frame.
- Support @13.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.40 to 18.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.33 to 20.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SHBI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHBI is down. |
| ChartMill Relative Strength | 74.43 | POSITIVE | SHBI has a high relative strength, it outperformed 74.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHBI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.13 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SHBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.94 | OVERSOLD | The low Stochastics value suggests SHBI may be oversold. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.5 | NEUTRAL | The ADX value for SHBI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
SHBI Technicals: Chart, Performance Metrics, Trend & Indicators
17.92
-0.07 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.39%
1 Week-4.63%
2 Weeks-4.83%
1 Month-11.85%
3 Month-4.43%
6 Month5.23%
12 Month31.96%
2 Year55.83%
3 Year25.49%
5 Year5.29%
10 Year49.58%
15 Year83.79%
Volatility
ATR(14)0.65
ATR(20)%3.49%
ATR Inc20.02%
Range Today0.74
ADR(20)0.59
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.43
3 months CRS33.34
6 months CRS68.84
Mansfield0.39
10 Day High19.79
10 Day Low17.25
20 Day High20.68
20 Day Low17.25
52 Week High20.68
52 Week Low11.47
CS1 End17.91
CR1 Start18.4
Volume & EV
DER(3)-1.91%
DER(5)-1.03%
Volume284.60K
Volume Incr-9.19%
Vol(5)246.18K
Vol(50)220.70K
SHORE BANCSHARES INC / SHBI FAQ
What is the technical rating for SHBI stock?
ChartMill assigns a technical rating of 4 / 10 to SHBI.
Can you provide the trend direction for SHORE BANCSHARES INC?
The current trend direction for SHORE BANCSHARES INC (SHBI) is Bearish.
What is the RSI signal for SHBI stock?
SHORE BANCSHARES INC (SHBI) has an RSI value of 36.1266. This indicates that the stock is currently neutral.
What is the short term momentum for SHORE BANCSHARES INC (SHBI) stock?
The short term momentum for SHORE BANCSHARES INC (SHBI) is negative.